31 March 2014 15:32 [Source: ICIS news]
DUBAI (ICIS)--Saudi International Petrochemical Co (Sipchem) will start trial runs at its new ethylene vinyl acetate (EVA) and low-density polyethylene (LDPE) plants located in the Jubail industrial area, Saudi Arabia, in the second quarter of 2014 , the company said on Monday.
“The trial runs of ethylene vinyl acetate and polyethylene low density plants, owned by International Polymers Company (an affiliate of Sipchem), are planned in the second quarter of this year and the company will announce a date of commencement of the trial run, financial impact or any other developments on a later stage,” it said in a statement to Saudi stock exchange.
“Initial tests of all plants, equipments and factories, conducted by the main contractor were successful,” the company added.
The statement didn’t give any further details, but said EVA and LDPE products are in line with Sipchem strategies to implement downstream projects that are integrated with Sipchem’s current products to meet local as well as international demand.
Sipchem owns 75% of International Polymers Company, while South Korea’s Hanwha owns 25%.
Established in 1999, Sipchem manufactures and markets methanol, butanediol, tetrahydrofuran, acetic acid, acetic anhydride, vinyl acetate monomer, as well as carbon monoxide through its various affiliates.
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